The partner will help with holdingf costs, closing costs, repairs and get half of the equity.

I usually suck up all the plumbing issues with LTR because I know it will just waste my time and of course plumbing is the most expensive repair every single time. 

@Derek Buehner Repairs made to your primary residence while living there generally aren’t tax-deductible.

I wouldn't recommend trying to do something like this right off the bat, I think you need to get into the game and really know what you are doing before taking on that level of risk.Happy to chat more over a phone call or direct message if you want more insights or have more specific questions!

If you don't mind sharing what do you use for your phone number as well?

The landlord is required to repair EVERYTHING!

Marcy* sorry phone autocorrected :-)

Sometimes the cheapest option isnt the best option, and most over-the-phone rate quotes (saying "I have 800 credit and 20% down, what's your best rate?")

@Ludwig Koeneke There is an appraisal form type that you can order which gives both the AS IS value as well as the After Repaired Value based on the scope of work proposed that you submit. 

Renovations and Repairs- The property is  a ~100yr old brick  building and will require some work before its rent ready.